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Fall River 02724
1248 Bay Street
Photo of 1248 Bay Street
Sold on Aug 12, 2011

1

Map

$153,099
● House - Off Market

1248 Bay Street

Fall River, MA 02724
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,298 Ft²
$384,890
RealtyHop Estimate
121.64%
Since Sep 1, 2011
National-US
Primary Model

About This Property

Bank Owned. Property being sold in "as is" condition. All offers are contingent upon receipt of a fully executed and mutually acceptable P&S agreement, including all of sellers addendums. The acceptance of good faith monies in escrow without an executed sales agreement does not bind the seller.
Unit Size
2,298 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$76
Property Type
House
Property Taxes
$190
HOA Dues
-
Year Built
2004

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 29 days ago (MLSPIN #71169005)

Price History

Date / Event Date Event Price
Dec 9, 2015 Sold
Premium
Sold
Apr 20, 2015 Listed by Real Home Services and Solutions, Inc. $238,500
Listed by Real Home Services and Solutions, Inc.
Jul 29, 2011 Sold
Premium
Sold
Dec 7, 2010 Listed by Real Home Services and Solutions, Inc. $173,657
Listed by Real Home Services and Solutions, Inc.
Nov 7, 2005 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 572
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,504
  • Total Building Area: 1,957
  • Gross Building Area: 2,676
  • Building Area: 1,957
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,957
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JOSEPH AZEVEDO
  • Land Acres: 0000000149
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Fall River School District
  • Census Tract: 640400

Zoning

  • Zoning: R-8

Geography

  • Parcel: FALL M:0A-02 B:0000 L:0056
  • Lot: 56
  • Municipality: FALL RIVER
  • Latitude: 41.6854
  • Longitude: -71.1845

    Address

  • Full Address: 1248 Bay St
  • Address - House Number: 1248
  • Address - Street Name: Bay
  • Address - Suffix Type: St
  • State: MA
  • City Name: Fall River
  • Carrier Code: C087
  • 4-Digit Zip Code: 1220
  • Zip Code: 02724

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $434,500

    Appraisal Valuation

  • Standard Deviation: 0.167
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 430,059
  • High Value: 501,911
  • Low Value: 358,207

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $354,100
  • Assessed Land Value: $104,500
  • Assessed Improvements Value: $249,600

    Sales

  • Current Sale Recording Date: Dec 09, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20249
  • Previous Sale Recording Date: Jul 29, 2011
  • Previous Sale Amount: $153,099
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Fall River

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$241

Below Asking

0.02%

Average Days on Market

70

Average Home Size

2652 ft²

Average Home Age

86.8 years

Currently For Sale

214 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 29 days ago
Data Source: MLS PIN, MLS# 71169005

Frequently Asked Questions

When was property at 1248 Bay Street built and last sold?
The property at 1248 Bay Street was built in 2004 and last sold on Jan 1, 1970 for $230,000.
How much is this home worth?
The estimated value of the home located at 1248 Bay Street is $258,256.
What are some comparable homes to 1248 Bay Street?
There are currently no comparable homes to 1248 Bay Street.
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